Ann: Investor Presentation, page-54

jak,

You've obviously been around this stock longer than me to have your strong views. Perhaps I'm also misunderstanding much of where you're coming from, or history I'm unaware of???

As I understand it, noses were put out of place at the last CR because the soph's were given the option to buy in but the rank and file shareholders were not; is that the guts of it? Dilution occurs to r and f holders as a result. I was a shareholder at the time and I was not happy either, not to be included in the CR. The shares dropped in price - not surprisingly, but we all had an opportunity at least to buy some more a bit cheaper. Reason to be miffed maybe, but not feel defiled!

At the end of the day, is that all there is? It not a massacre of the family in the middle of the night(!)

….. Since then, the project has proceeded flawlessly AND IMPORTANTLY, successfully, while other gassies around us we see with crappy uncertain and drawn-out delays with who-knows-what futures of their projects. We should be delirious with joy at our last few months, not weighed down with I dunno what.... What I am wondering is where are the buyers who were not shareholders before? They don't share your sense of betrayal, so where are they?

The market is primarily interested in making money and this stock is looking better than ever at being in a very interesting position in pretty quick time, if things continue. I'm a little incredulous at your explanation of buyers staying away having more sway, than buyers seeing an opportunity to buy here. I suspect it has more to do with a market that is heavy with uncertainty on a number of fronts, combined with the fact that very likely buyers for a gas stock like Real, are also holders of other falling gas stocks which have been depleting their cash reserves with which to buy Real!

Whatever the reason, I think everyone is surprised including you, at this lame response so far. But frankly, around the market I don't see much else getting fired up much either. You may be completely correct and I might be talking out my you-know-what..... I just want the bastard to get cracking!!!!!



Kip